Finding cheap insurance for a Chevy Silverado in Colorado is fairly easy, but it depends on many factors such as annual miles driven, your profession, and any prior driving offenses. Drivers in Colorado will pay on average $1,243 each year for Silverado insurance, but that amount is an approximation based upon a 40-year-old single male driver with full physical damage coverage and $500 deductibles.
There's a high likelihood you're not a 40-year-old male, possibly married instead of single, and you may just want the cheapest liability coverage you can find. Auto insurance requires individual risk assessment, so the only way to find the cheapest rates for your Chevrolet is to do the rate comparisons yourself.
Vehicle trim level has an effect on price, so the price you will be charged to insure a Silverado LS Regular Cab 2WD trim level will be $240 less than the cost to insure the higher-priced Silverado Crew Cab Hybrid 4WD trim level, as shown below.
|Model||Comp||Collision||Liability||Medical||UM/UIM||Annual Premium||Monthly Premium|
|Silverado LS Regular Cab 2WD||$188||$348||$480||$28||$144||$1,188||$99|
|Silverado LS Regular Cab 4WD||$188||$348||$426||$26||$128||$1,116||$93|
|Silverado LT Regular Cab 2WD||$216||$424||$480||$28||$144||$1,292||$108|
|Silverado LT Regular Cab||$216||$424||$480||$28||$144||$1,292||$108|
|Silverado LS Extended Cab 4WD||$216||$424||$426||$26||$128||$1,220||$102|
|Silverado LT Extended Cab 4WD||$216||$424||$426||$26||$128||$1,220||$102|
|Silverado LT Extended Cab 2WD||$216||$424||$480||$28||$144||$1,292||$108|
|Silverado LS Extended Cab 2WD||$216||$424||$480||$28||$144||$1,292||$108|
|Silverado LT Crew Cab 4WD||$244||$500||$426||$26||$128||$1,324||$110|
|Silverado LS Crew Cab 2WD||$244||$500||$480||$28||$144||$1,396||$116|
|Silverado LS Crew Cab 4WD||$244||$500||$426||$26||$128||$1,324||$110|
|Silverado LT Crew Cab 2WD||$244||$500||$480||$28||$144||$1,396||$116|
|Silverado LTZ Extended Cab 2WD||$244||$500||$480||$28||$144||$1,396||$116|
|Silverado LTZ Extended Cab 4WD||$244||$500||$426||$26||$128||$1,324||$110|
|Silverado LTZ Crew Cab 2WD||$244||$500||$480||$28||$144||$1,396||$116|
|Silverado LTZ Crew Cab 4WD||$244||$500||$426||$26||$128||$1,324||$110|
|Silverado Crew Cab Hybrid 2WD||$244||$576||$426||$26||$128||$1,400||$117|
|Silverado Crew Cab Hybrid 4WD||$272||$576||$426||$26||$128||$1,428||$119|
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Table data assumes single male driver age 40, no speeding tickets, no at-fault accidents, $500 deductibles, and Colorado minimum liability limits. Discounts applied include multi-vehicle, safe-driver, homeowner, multi-policy, and claim-free. Rate information does not factor in your specific Colorado location which can revise insurance rates significantly.
Colorado insurance companies
Ending up with the top auto insurance provider can be a challenge considering how many companies provide coverage in Colorado. The information shown below could help you choose which providers you want to consider shopping your coverage with.
These rankings are for companies that insure vehicles nationwide, so smaller regional companies are not factored into these rankings. To get rate quotes from the most competitive companies in Colorado, simply click here.
|Company||Value||Customer Service||Claims||Customer Satisfaction||A.M Best Rating||Overall Score|
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Data Source: Insure.com Best Car Insurance Companies
The information below demonstrates how deductible levels can increase or decrease insurance costs when trying to find cheap insurance for a Chevy Silverado in Colorado. The prices are based on a married male driver, full coverage, and no policy discounts are applied.
The data above shows that a 50-year-old driver could lower their policy premium by $340 a year by changing from a $100 deductible up to a $500 deductible, or save $514 by using a $1,000 deductible. Youthful drivers, like the 20-year-old category, could save $1,138 annually by choosing larger deductibles on their policy. When choosing a higher deductible, it's a good idea to have enough savings set aside to enable you to pay the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Discounts on Colorado car insurance rates
Insurance providers that provide policies for a Chevy Silverado may provide premium discounts that may potentially lower prices by as much as 35% or more if you meet specific criteria. Companies and some of their more popular discounts can be found below.
- Progressive offers discounts including multi-vehicle, continuous coverage, good student, multi-policy, and homeowner.
- The Hartford policyholders can earn discounts including vehicle fuel type, bundle, anti-theft, defensive driver, air bag, and driver training.
- Mercury Insurance offers discounts for annual mileage, good student, ease of repair, multi-car, and accident-free.
- GEICO may offer discounts for military active duty, federal employee, membership and employees, anti-lock brakes, anti-theft, multi-policy, and five-year accident-free.
- AAA discounts include pay-in-full, good driver, multi-policy, good student, education and occupation, anti-theft, and AAA membership discount.
- State Farm has discounts for driver's education, student away at school, defensive driving training, Drive Safe & Save, and anti-theft.
The chart below illustrates the comparison of auto insurance rates with and without discounts applied to the rates. The premium estimates are based on a male driver, no accidents, no driving violations, Colorado state minimum liability limits, comp and collision included, and $100 deductibles.
The first bar for each age group shows the price with no discounts. The lower bar shows the rates with claim-free, anti-theft, homeowner, vehicle safety, multiple vehicle, and multiple policy discounts applied. With discounts applied, the the average amount saved on insurance for a Chevy Silverado is 28% or $599.
How to find low-cost car insurance for a Chevy Silverado
It is possible to find better rates, and here are many penny-pinching solutions that can help Colorado drivers quote lower-cost coverage.
- Having at-fault accidents will increase rates
- Drive a car with a high safety rating
- Serious violations like DUI or reckless driving can increase rates dramatically
- Drivers with good credit ratings often pay less
- Raise your physical damage coverage deductibles
- Comparison shop frequently
That last piece of advice is particularly vital, as was emphasized in this piece. Rates change frequently, so don't hesitate to buy a different policy if you find a cheaper price. Loyalty to a specific company is fine, but it's not a good idea if that loyalty ends up costing money that could be spent on other things. In less than five minutes you could shop around and find cheaper car insurance for a Chevy Silverado.